Russia, Magnitogorsk metallurgic plant MMK

Board of MMK has recommended the amount of dividends-2016

The amount of dividends was recommended as 60% of the free cash flow taking into account the profit from the sale of the package of shares of Fortescue Metals Group.

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MMK increased plates shipment by 12.6% to 473 thousand tons

In 2016 MMK shipped 473 thousand tons of metal products to the car manufacturing enterprises. This is by 12.6% higher than in 2015.

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MMK: in Q1, export of rolled metal grew by 7.6%

In the first quarter of 2017, steel production at the MMK group amounted to 3.066 million tons.

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Supplies of scrap metal to MMK grows 2.6 times

In March, according to the railway statistics, the direct supply of ferrous scrap metal to the Magnitogorsk metallurgical plant (MMK) amounted to 113.5 thousand tons.

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In Q1, MMK reduced railway shipment of steel products

In March of the current year, the rail dispatch of steel products of Magnitogorsk metallurgical plant (MMK) to Russian consumers and for export amounted to 0.9 million tons.

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Net profit of MMK under IAS grew by 3.3 times to 73.43 bln roubles

The net profit of MMK group under IAS in 2016 rose by 3.3 times against 2015 to 73.43 bln roubles, the company reports.

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NLMK: global demand for steel in 2017 not to exceed 1%

Closeness to final consumers in the markets of presence and the developed chain of supplies from the Russian assets provide a high loading of the company’s capacities.

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MMK doubled annual profit under RAS

MMK OJSC on the results of 2016 more than doubled its net profit under RAS against 2015. In 2016 MMK made a net profit of 67.968 bln roubles against 31 bln roubles in 2015.

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In 2016, MMK’s net profit under RAS grew 2.2 times to 67.9 bln rubles

In 2016, the net profit of the MMK Group under Russian Accounting Standards (RAS) increased 2.2 times and amounted to 67.9 billion rubles, the company reports.

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Moody’s upgrades rating of MMK to “stable”

An International rating agency Moody’s upgraded the rating of Magnitogorsk Metallurgical combine from “negative” to “stable”, they stated in the agency to “Urali

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
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